Kilenkrysset sells 72,000 sqm of detailed planned land in the Svista Logistics area, Eskilstuna municipality. The buyers Nordsten Development and BlackRock Real Assets will jointly develop a logistics facility.
Through its subsidiary and the logistics platform Talaria Development, Nordsten Development has been commissioned to develop a generic logistics facility of 36,000 sq.m. in Eskilstuna by BlackRock. For the project, the property Grönsta 1:34, of approximately 72,000 sq.m., has been acquired by Kilenkrysset through a company transaction. The property is located in Svista Logistics area with direct connection to E20.
"It is with pleasure that we have completed the deal with BlackRock Real Assets and Nordsten Development. The property that we are selling to BlackRock is located in an area in Eskilstuna that has the right location for a new logistics facility. In the area, one of the Nordic region's largest clothing chains has already established its logistics facility, which shows how attractive the logistics situation is," says Jan Persson, CEO, owner and chairman of Kilenkrysset.
The logistics facility, where great focus is placed on sustainability and quality, is built on speculation and is prepared for one or two tenants. Construction will begin immediately and the facility is expected to be ready and available to tenants during the third quarter of 2023.
"After a good collaboration with Kilenkrysset, we are very happy to be able to present this off-market acquisition. Eskilstuna is one of Sweden's most attractive logistics locations, strategically located near Stockholm. This marks our first acquisition of logistics in the Nordic region and the start of building a larger logistics portfolio in the region," says Thorsten Slytå, Managing Director and Head of Nordic Real Estate, BlackRock.
"We are now looking forward to working with Nordsten Development to develop this logistics property with several important sustainability functions such as solar panels, a highly efficient climate shell, BREEAM certification and other sustainable and efficient building solutions," Thorsten Slytå continues.
The law firm Allié has been Nordsten Development's advisor.
Linklaters, KPMG and Afry have been BlackRock's advisers.
The law firm Glimstedt has assisted Kilenkrysset with legal advice throughout the transaction, with the partner and lawyer Frida Gullstrand as responsible for Glimstedt's team.